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Australia - Latest news GMK Center

Photo – Australia launches new $636 million Green Iron investment fund
Australia launches new $636 million Green Iron investment fund

The fund was developed in consultation with industry

Photo – Australia provides $1.5 billion aid package to Gupta’s Wyalusing steel mill
Australia provides $1.5 billion aid package to Gupta’s Wyalusing steel mill

The announcement of the aid comes after the plant was placed under temporary administration

Photo – GFG Alliance finalizes new financing for Wyalla plant – Gupta
GFG Alliance finalizes new financing for Wyalla plant – Gupta

Group issues statement after claims of numerous debts

Photo – Global iron ore exports grew by 2% y/y in 2024
Global iron ore exports grew by 2% y/y in 2024

Australia exported 866 million tons of this raw material last year

Photo – Australia reduced coking coal exports by 23% m/m in January
Australia reduced coking coal exports by 23% m/m in January

Deliveries to India and China fell sharply due to weak demand

Photo – Iron ore exploration expenditures in Australia reach peak in 10 years
Iron ore exploration expenditures in Australia reach peak in 10 years

In the third quarter of 2024, they amounted to $134.9 million, growing by 9.7% year-on-year

Photo – Australia predicts stabilization of coking coal prices
Australia predicts stabilization of coking coal prices

Iron ore prices will fall in the future due to softening demand and new supply

Photo – BHP and Rio Tinto to build a pilot green pig iron plant in Australia
BHP and Rio Tinto to build a pilot green pig iron plant in Australia

The start of commercial operation is expected in 2028

Photo – Rio Tinto expects ore production to grow by 15 million tons in 2023-2025
Rio Tinto expects ore production to grow by 15 million tons in 2023-2025

In addition to increasing its production performance, the company is actively promoting its decarbonization strategy

Photo – Anglo American sells Australian coking coal mines
Anglo American sells Australian coking coal mines

The buyer will be the American Peabody Energy, the amount of the deal is $3.8 billion

Photo – Australia reduced iron ore exports by 4% y/y in October
Australia reduced iron ore exports by 4% y/y in October

Compared to September, iron ore supplies fell by 9.7%

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